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Midland Exploration Inc.
Summary
| Project: | Casault | |
|---|---|---|
| Deposit: | Casault | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2018: Midland Exploration Inc. announces an Exploration/Drilling Update report for its Casault deposit at the Casault project. Drilling results incl. 26.20m @ 1.38g/t Au from 155.80m. Montreal, January 17, 2018. Midland Exploration Inc. (“Midland”) ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mario Masson (Internal) | |
| ABSTRACT: | Montreal, January 17, 2018. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the discovery of a significant gold system during its recent drilling campaign completed in the fall of 2017 on the Casault gold project in joint venture (50/50) with SOQUEM INC. (“SOQUEM”). The Casault property consists of 315 claims (173 square kilometres) and covers the Sunday Lake Fault over more than 20 kilometres strike length, about 40 kilometres east of the Detour Lake mine. This open pit mine hosts mineral reserves estimated at 14.1 million ounces of gold (“Moz Au”) consisting in proven reserves of 87.7 million tonnes grading 1.27 g/t Au for 3.58 Moz Au, and probable reserves of 353.8 million tonnes grading 0.92 g/t Au for 10.49 Moz Au. Over the course of September and October 2017, a diamond drilling campaign consisting of five (5) drill holes with a minimum spacing of 100 metres between drill holes and totalling 1,638.0 metres was completed on the Casault property. During this campaign, a significant gold system including four (4) new parallel gold zones, named Vortex 475, 450, 435 and 425, was identified. The envelope encompassing these mineralized zones forms a corridor approximately 50 metres wide. The most important gold zone identified to date at Vortex, Zone 450, was intersected at shallow vertical depth (75 to 250 metres) in all the drill holes of this campaign, over a strike length of at least 500 metres. The zone trends east-west and is steeply dipping to the north; it remains open in all directions. | |
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